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Get your taxes done using TurboTax
Yes, from 2012 till now I have taken distribution from my traditional IRA and converted them to Roth IRA.
I understand that SEP contribution is not going to affect my basis, but the conversions from traditional IRA to Roth IRA will change my basis and affect how much of that conversion is taxable.
By not including value of SEP IRA on line 6 of form 8606 over the years, I may have messed up my taxes a bit.
Anyway to fix that or at least correct basis going forward?
‎July 12, 2020
6:09 PM